eCheck is just like a regular paper check from your checkbook but in digital format. It is linked to your banking account and as such limited in use in relation to your available funds. The only difference between an echeck and a regular check is that an echeck payment is much faster.
eCheck works in exactly the same manner as if you were to write out a paper check and post it to the intended recipient. But instead of posting it in the mail, the payment is conducted electronically between the bank and the merchant, and your funds are available as soon as it is cleared by your bank.
eCheck maintains very strict policies to ensure your details are protected, and that your information is never divulged to a third party. Should you experience any issues when making a payment using eCheck, you can contact the customer service department of either your bank or the online casino in question.
Our recommended casinos do not charge any fees in addition to the minimal fee levied by your bank. Other casinos may charge an extra fee in the region of $5. We advise that you check the fee schedule of the casino you wish to play at beforehand, as they differ from one to the next.
When you make your first deposit into your new online casino account using the eCheck payment method you may be rewarded with a specific match bonus in the region of 10%, or an equivalent small promotional offer. However, if you sign up at any of our recommended online casinos, you will be awarded with a welcome bonus regardless of the deposit method you use.
If you already have an existing checking account, then you automatically have access to eChecks. To make a deposit, you simply type the information on your paper check into the online echeck transaction form i.e. your account number, bank name and routing number – and the bank will direct it to the online casino’s bank. Then as soon as the eCheck clears, the funds will be available for you to play with.
There are online casinos that allow deposits as well as withdrawals through the eCheck method. The best way to find out is by viewing the casino’s banking page or cashier section.
You can learn more about eChecks by visiting this website: Investopedia eCheck Explanation